Ping An Digital Bank has introduced new trade financing arrangements for Hong Kong importers and exporters, including supplier-paid invoice financing with revolving credit limits of up to HK$50m (approximately US$6.37m). The announcement on 21 October expands the bank’s working-capital offering...
The London Stock Exchange Group (LSEG) released its third quarter (Q3) trading update, showing that nominal value at LCH RepoClear was up 25% from Q3 2025 at €104.4 trillion ($117.2tn). This is also higher than Q2’s €92.73 trillion. In addition,...
Newegg Commerce has closed a US$100m senior credit facility led by East West Bank, replacing and expanding earlier borrowing arrangements that matured in August 2026. The technology ecommerce retailer confirmed the transaction on 20 October, with East West Bank acting...
ADCB, one of the top UAE banks, reported record profit before tax of AED11.67 billion ($3.18 billion) for the first nine months of 2026 and AED4.063 billion in Q3, both up 28% YoY, marking 21 consecutive quarters of profit...
LSEG, in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, today announced the results of the 2026 edition of the Islamic Finance Development...
Dubai’s real gross domestic product totalled approximately 473 billion dirhams ($129 billion) in the first half of 2026, down 2.3 percent year on year, official data showed. GDP at current prices reached 505 billion dirhams, up 0.2 percent, according to...
100-basis-point reduction matches expectations as bank says underlying inflation trend continues to slow. Türkiye's central bank on Thursday cut its benchmark policy rate by 100 basis points to 36%, in line with market expectations, after holding rates steady for five...
The proposed transaction remains subject to regulatory approvals across its operating markets. Standard Chartered has signed definitive agreements to acquire Zodia Custody, consolidating its digital asset custody operations and expanding its services for institutional clients. The deal follows the acceptance of...
Leading UAE bank Emirates NBD has delivered record income of AED42.2 billion in the first nine months of 2026, up 15% year-on-year. Strong customer activity and broad-based growth across our core markets continued to drive balance sheet growth, with...
World’s 2nd largest economy grew by 4.6% between January and September this year. China posted 4.5% growth in gross domestic product (GDP) during the third quarter (Q3) of 2026, data released by the country’s National Bureau of Statistics showed Monday. The...
